Retaining key talent requires planning. Huge costs for businesses in employee turnover make it vital to develop ways to keep key staff. Ensure you get employee feedback and keep lines of communication open. Keeping staff engaged and feeling valued as well as competitive rates of pay and reimbursement.

1. Retention Tips to
Keep Top Talent

2. Retaining key talent requires planning. Huge costs for
businesses in employee turnover make it vital to develop
ways to keep key staff. Ensure you get employee
feedback and keep lines of communication open. Keeping
staff engaged and feeling valued as well as competitive
rates of pay and reimbursement.
Retention Tips to Keep Top Talent

3. Retaining Key Talent Requires
Thought and Planning

4. 1. What do your employees think about your company?
Make sure to keep the lines of communication open between staff and management.
Here are a few tips for doing this:
a) Spend some time informally chatting over a cup of coffee.
b) Give your staff feedback. You can do this in a formal performance
review or during informal meetings. Employees need to understand
where their own performance aligns with the business’ goals.
c) Take advantage of some of the better ideas suggested by staff.
d) Try surveying your employees for their thoughts on the company. You
can try one of the online tools such as Survey Monkey to save you
time when setting up a survey. You can also set up a private
Facebook group and use one of the polling apps. There are a number
available including some free ones.
Retention Tips to Keep Top Talent

5. 2. Why do people leave your company?
a) It is important to conduct exit interviews to allow an employee
to give constructive feedback about your business and their role in it.
a) If you do not feel as though these interviews are giving you an honest
response, consider involving a third party who may be able to ask
questions more informally.
◉ 3. Are your rewards programs enough?
a) Consider offering added benefits beyond pay rates.
a) Superannuation, health benefits, and leave, as well as education and
training, can also have an impact on employee retention.
a) Look at building an employee incentive program. Set clear goals and
select rewards that align with those goals. Incentives have been found
to improve performance.
Retention Tips to Keep Top Talent

6. Creative methods to keep talent:
• Offering stock options to your company.
• Developing a workplace that is free of restrictive policies and
values the response of staff.
• Offering a career path that encourages “big dreams”.
Retention Tips to Keep Top Talent